Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-149

Currently 40% of ferro alloy and silicon furnaces are closed in the EU, for Europe to be competitive prices will need to go much higher.
I don't see any long term relief for smelters in Europe.

OFZ took a swipe at the Slovakian government by pointing out that it originally planned to restart one of its ferroalloy furnaces in late August, which it didn’t do. “The reason lying behind idling of all furnaces cannot be only seen in high electricity prices but also in the different governmental approach to aid."

"Ferro-alloys and silicon Closures and Curtailments In the EEA and in the EU the production of ferro-alloys and silicon represents 3.2 Mio T, respectively 2 Mio T. In terms of capacities in the EU, 27% of the silicon and ferro-alloys capacities have already been curtailed. In terms of the number of furnaces having closed down, it represents 40 %."

This is a document worth reading.
https://eurometaux.eu/media/qnhn5k30/non-ferrous-metals-ceo-letter-on-energy-crisis-06-09-2022.pdf

( this is NOT copyright)